Summary

The Tactical Growth strategy is designed to beat the S&P 500 Index by reducing downside risk and capturing market upside—all with less volatility. The Program is built to be the first and core component of your equity portfolio. Through balancing its positions to express a directional view on the market, the Program may be able to capitalize on both moments of volatility as well as rising markets. The Program seeks to capture “risk-on” opportunities by maintaining a synthetic long exposure to equity markets during rising market conditions. During inflection points and transitions to "risk-off", the Tactical Growth is designed to quickly adjust to synthetic short positions via directionally long exposure to VIX Futures. Through its positions, Tactical Growth is built to capture rising market conditions and also convert equity market volatility episodes from liabilities to be endured into profit centers. In fulfilling its designed mandate, Tactical Growth may compound capital at a significantly higher rate than long-only equity exposure. Hence, the Program is designed to be your first and core equity holding.